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Thread: Weekly Practice Exam "FM" Problems courtesy of Dr Krzysztof Ostaszewski

  1. #21
    Author, Instuctor and Seminar Provider krzysio's Avatar
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    Exercise 20 for October 1, 2005

    Want to know how to pass actuarial exams? Go to: smartURL.it/pass

  2. #22
    Author, Instuctor and Seminar Provider krzysio's Avatar
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    Exercise 21 for October 8, 2005

    Please find it at:
    www.math.ilstu.edu/krzysio/KO-FM-Exercise21.pdf
    I hope you will enjoy it.

    Yours,
    Krzys'
    Want to know how to pass actuarial exams? Go to: smartURL.it/pass

  3. #23
    Author, Instuctor and Seminar Provider krzysio's Avatar
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    Exercise 22 for October 15, 2005

    Please find it at:
    www.math.ilstu.edu/krzysio/KO-FM-Exercise22.pdf
    I hope you will enjoy it.

    Yours,
    Krzys'
    Want to know how to pass actuarial exams? Go to: smartURL.it/pass

  4. #24
    Author, Instuctor and Seminar Provider krzysio's Avatar
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    Exercise 23 for October 22, 2005

    This exercise is not a multiple choice exam-like problem, but instead a slightly longer problem discussing the range of possible yields on a callable bond:
    http://www.math.ilstu.edu/krzysio/KO-FM-Exercise23.pdf
    I hope you will enjoy it.
    Yours,
    Krzys' Ostaszewski
    Want to know how to pass actuarial exams? Go to: smartURL.it/pass

  5. #25
    Author, Instuctor and Seminar Provider krzysio's Avatar
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    Exercise 24 for October 29, 2005

    I am going to speed up postings just before the exam, so that you can get some extra material.
    http://www.math.ilstu.edu/krzysio/KO-FM-Exercise24.pdf
    I hope you will enjoy it.
    Yours,
    Krzys' Ostaszewski
    Want to know how to pass actuarial exams? Go to: smartURL.it/pass

  6. #26
    Author, Instuctor and Seminar Provider krzysio's Avatar
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    Exercise 25 for November 5, 2005

    http://www.math.ilstu.edu/krzysio/KO-FM-Exercise25.pdf
    I hope you will enjoy it.
    Yours,
    Krzys' Ostaszewski
    Want to know how to pass actuarial exams? Go to: smartURL.it/pass

  7. #27
    Actuary.com - Level I Poster
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    Quote Originally Posted by krzysio
    http://www.math.ilstu.edu/krzysio/KO-FM-Exercise25.pdf
    I hope you will enjoy it.
    Yours,
    Krzys' Ostaszewski
    Question about this one:

    In the solution it said that the present value of the 2 year bond is

    $95,238.1/1.044 + $1,904,761.9/1.044^2

    Shouldn't the last figure there be

    $2,000,000/1.044^2? Why does it seem to not include the second coupon payment?

  8. #28
    Author, Instuctor and Seminar Provider krzysio's Avatar
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    Second coupon payment

    Quote Originally Posted by Arnold Kim
    Question about this one:

    In the solution it said that the present value of the 2 year bond is

    $95,238.1/1.044 + $1,904,761.9/1.044^2

    Shouldn't the last figure there be

    $2,000,000/1.044^2? Why does it seem to not include the second coupon payment?
    Dear Arnold Kim:
    Gosh, you must be ready for this test! Yes, you are right. I posted a corrected version now. Thanks for noticing this.
    Yours,
    Krzys'
    Want to know how to pass actuarial exams? Go to: smartURL.it/pass

  9. #29
    Actuary.com - Level III Poster
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    Question regarding Sample Exercise 11:

    Did I make an incorrect assumption of some sort here?
    5(X)^n = 8 where X = 1+i
    X^n = 8/5

    Substitute that into the equation for the accumulated value:
    (X^n - 1)/d = 8

    and you have:

    (8/5 - 1)/d = 8 ---> d=.075

  10. #30
    Author, Instuctor and Seminar Provider krzysio's Avatar
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    Correction

    Nope. You did a great job, you find a quick and effective solution. Congratulations and thank you for pointing it out. Great work.

    Yours,
    Krzys' Ostaszewski
    author of the Course FM manual at NEAS-seminars.com

    Quote Originally Posted by bv12
    Question regarding Sample Exercise 11:

    Did I make an incorrect assumption of some sort here?
    5(X)^n = 8 where X = 1+i
    X^n = 8/5

    Substitute that into the equation for the accumulated value:
    (X^n - 1)/d = 8

    and you have:

    (8/5 - 1)/d = 8 ---> d=.075
    Want to know how to pass actuarial exams? Go to: smartURL.it/pass

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